Johor mulls giving tax exemption to investors


Osman: If investors open up a factory and invests in lesser known districts in Johor, then they will get tax exemption for five years, but if they only set up in the southern part of the state, they will get two years. — Bernama

JOHOR BARU: Investors choosing districts outside of Iskandar Malaysia to invest in may soon receive a five-year tax exemption from the Johor government.

Mentri Besar Datuk Osman Sapian said the state government has been considering giving special incentives to attract investors to invest in districts within districts in the northern part of the state.

The matter is being looked into and will be planned through the Johor State Economic Action Council, which will be formed soon, to get feedback from experts.

“If investors open up a factory and invests in lesser known districts here in Johor, then they will get tax exemption for five years, but if they only set up in the southern part of the state, they will get two years.

“Besides that, we will make sure that job opportunities will be created for the locals where their salary is not less than RM1,500,” he added.

Osman said this after conducting a working visit to YPJ Holdings here yesterday.

He pointed out that the council would involve economic experts and business chambers, besides representatives from the state’s economic planning unit (Upen).

Meanwhile, in an unrelated matter, Osman also said that the state has made a suggestion to the federal government to set up a special fund to help those in the B40 group to own a house.

He added that the special fund would have a similar role and function to a credit guarantee company (CGC) that was established before by the government.

Osman said that the federal government should not just focus on discussion between the state government and developers but also stressed upon payment matters as it was the main issue for house buyers in this country.

“Recently, I attended the National Affordable Housing Council, which is chaired by Prime Minister Tun Dr Mahathir Mohamad, where I stressed to the government that they should not just focus on building houses for the B40 but also look into their difficulties in acquiring loans from financial institutions.

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